NEWS CORP LOSES HEAD OF HUMAN RESOURCES
Beryl Cook is stepping down as head of human resources at News Corp, robbing James Murdoch of an ally in head office and becoming the latest figure to leave his father’s top team without being replaced in the office of the chairman. Ms Cook has worked for News Corp in Australia, Fiji and Asia over 22 years, but was seen as one of James Murdoch’s closest associates after working with him at British Sky Broadcasting for three years before June 2007.
MONARCH MAKES A SOFT LANDING AFTER £45M LOSS
Monarch Airlines has slumped to a £45m loss because of high fuel prices and the weak economy, but finance has been secured to keep the carrier flying until at least 2013. The Monarch brand is best known for providing charter flights for tour operators, but it has switched tactics and is now establishing itself as a scheduled carrier to rival easyJet and Ryanair. The group said that in the year to October 31 it lost £45m, compared with a profit of £1.4m last year.